Columbia Seligman Premium Technology Growth Fund (NYSE:STK) Sees Large Drop in Short Interest

Columbia Seligman Premium Technology Growth Fund (NYSE:STK) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 13,098 shares, a drop of 64.8% from the May 31st total of 37,224 shares. Based on an average daily trading volume, of 107,668 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Columbia Seligman Premium Technology Growth Fund

Hedge funds have recently modified their holdings of the stock. Royal Bank of Canada raised its holdings in Columbia Seligman Premium Technology Growth Fund by 5.7% in the 1st quarter. Royal Bank of Canada now owns 329,362 shares of the company’s stock valued at $9,215,000 after acquiring an additional 17,770 shares during the period. Janney Montgomery Scott LLC grew its position in shares of Columbia Seligman Premium Technology Growth Fund by 0.8% in the first quarter. Janney Montgomery Scott LLC now owns 306,516 shares of the company’s stock valued at $11,626,000 after purchasing an additional 2,569 shares during the last quarter. Invesco Ltd. increased its stake in shares of Columbia Seligman Premium Technology Growth Fund by 26.0% during the third quarter. Invesco Ltd. now owns 211,868 shares of the company’s stock worth $7,483,000 after purchasing an additional 43,735 shares during the period. LPL Financial LLC increased its stake in shares of Columbia Seligman Premium Technology Growth Fund by 5.7% during the fourth quarter. LPL Financial LLC now owns 184,392 shares of the company’s stock worth $6,784,000 after purchasing an additional 9,869 shares during the period. Finally, Bank of America Corp DE lifted its holdings in Columbia Seligman Premium Technology Growth Fund by 51.1% during the 1st quarter. Bank of America Corp DE now owns 166,575 shares of the company’s stock worth $6,318,000 after purchasing an additional 56,318 shares during the last quarter.

Columbia Seligman Premium Technology Growth Fund Stock Down 4.0%

Shares of STK stock traded down $2.16 during trading on Friday, reaching $51.20. 84,351 shares of the company’s stock were exchanged, compared to its average volume of 58,260. Columbia Seligman Premium Technology Growth Fund has a twelve month low of $30.04 and a twelve month high of $58.46. The firm’s fifty day moving average price is $51.43 and its 200-day moving average price is $43.38.

Columbia Seligman Premium Technology Growth Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Monday, May 18th were given a $0.4625 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.85 annualized dividend and a dividend yield of 3.6%.

About Columbia Seligman Premium Technology Growth Fund

The Columbia Seligman Premium Technology Growth Fund (NYSE: STK) is a diversified, closed-end management investment company launched in 1995. Co-managed by Columbia Management Investment Advisers, LLC and Seligman Fund Advisers, the fund seeks long-term capital growth by investing primarily in common stocks of U.S. technology and technology-enabled companies. Its portfolio typically spans sub-sectors such as software, semiconductors, hardware, communications and internet services, with an emphasis on firms exhibiting strong revenue growth and innovative product development.

In addition to equity investments, the fund employs a covered-call option overlay strategy designed to generate premium income, enhance monthly distributions and potentially reduce portfolio volatility.